Tennessee Mortgage Broker/Loan Officer NMLS Pre-License Education

Obtaining a mortgage license and becoming a Tennessee loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.

For questions about ordering or other information, call (801) 676-2520

Mortgage Broker vs. Mortgage Loan Officer – What’s the difference?

Mortgage brokers and mortgage loan officers are often confused with each other. Because of this, most people looking to get a mortgage broker’s license are actually looking for a mortgage loan officer’s license. So what is the difference?

Generally speaking, a mortgage broker is a company that employs mortgage loan officers. The loan officers are employed by the broker to originate loans for home buyers when they are looking for a loan for their mortgage.

So what kind of courses do I need to do to get started on my license?

Tennessee requires 20 hours of national mortgage education, in addition to a 2 hour TN state-specific laws and rules course. Mortgage Educators offers both of these courses in a low price bundle of $259. It includes both education courses, and a comprehensive test prep course to help you score well on the NMLS national test.

New mortgage license education, or "pre-license education" must be completed in either a live classroom or online instructor-led format. Mortgage Educators & Compliance provides these courses weekly in an Online Instructor-Led (OIL) format. These courses are presented by instructors via pre-recorded video with slideshow presentations. Courses are broken up into chapters comprised of 5 minute sections and quizzes that make up the overall content. At the end of the course, students should expect a short test to check for comprehension. All hours are reported to the NMLS upon completion by Mortgage Educators & Compliance.

Additional questions?

Mortgage Educators & Compliance is here to answer any questions that you may have in regards to your Tennessee mortgage license. Feel free to call us at (801) 676-2520or email us at20hour@MortgageEducators.com.